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A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.
World War I saw Turkey effectively depart from the gold standard with the gold lira being worth about LT 9 in paper money by the early 1920s. Between 1844 and 1855, coins were introduced in denominations of 1p, 5p, 10p, 20p, 1 ⁄ 2 pt, 1pt, 2pt, 5pt, 10pt, 20pt and LT 1 ⁄ 4, LT 1 ⁄ 2, LT 1, LT 2 + 1 ⁄ 2 and LT 5.
In theory, two countries currently use non-decimal currency: Mauritania (1 ouguiya = 5 khoums) and Madagascar (1 ariary = 5 iraimbilanja). In practice, however, the value of the main unit in each case is so low (less than 1/1000 of a United States dollar) that the sub-unit is not of any practical use and is rarely seen in circulation.
See Weight for detail of mass/weight distinction and conversion. Avoirdupois is a system of mass based on a pound of 16 ounces, while Troy weight is the system of mass where 12 troy ounces equals one troy pound.
For example, in a conversion from EUR to AUD, EUR is the fixed currency, AUD is the variable currency and the exchange rate indicates how many Australian dollars would be paid or received for 1 euro. In some areas of Europe and in the retail market in the United Kingdom , EUR and GBP are reversed so that GBP is quoted as the fixed currency to ...
The Unicode system allocated U+20A4 ₤ LIRA SIGN to the Italian lira, to provide compatibility with a legacy HP character set. [1] As with U+00A3 £ POUND SIGN , where the one-bar and the two-bar versions are treated as allographs and the choice between them is merely stylistic, no evidence has been found that either style predominated in ...
Ilya Stallone takes the quirky charm of medieval art and mashes it up with the chaos of modern life, creating comics that feel both hilarious and oddly timeless. Using a style straight out of ...
The Turkish lira partially recovered in early 2021 with the government's increase in interest rates. However, the currency began to crash due to inflation and depreciation starting on 21 March 2021, after the sacking of Central Bank chief Naci Ağbal. The Turkish lira reached a then-all-time-low of ₺8.8 to the dollar on 4 June.